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Dear sir could you explain how do we get retained earning 11500 ie
[21000+2000]/6from april to sep 6 months so (21000/6) where do we get 2000 from?
thanks in advance
From memory, isn’t it the loan interest where the loan was created only at date of acquisition?
Dear sir
there is no loan interest in this sumand i know 20 million will be fair value adjustment for goodwill calculation, and is there a amortisation ?
. question says :In addition S owns the registration of a popular internet domain name. The registration, which had a negligible cost, has a ?ve year remaining life (at the date of acquisition); however, it is renewable inde?nitely at a nominal cost. At the date of acquisition the domain name was valued by a specialist company at $20 million. The fair values of the plant and the domain name have not been re?ected in S’s ?nancial statement
thanks in advanceDear sir
there is no loan interest in this sumand i know 20 million will be fair value adjustment for goodwill calculation, and is there a amortisation ?
. question says :In addition S owns the registration of a popular internet domain name. The registration, which had a negligible cost, has a ?ve year remaining life (at the date of acquisition); however, it is renewable inde?nitely at a nominal cost. At the date of acquisition the domain name was valued by a specialist company at $20 million. The fair values of the plant and the domain name have not been re?ected in S’s ?nancial statement
thanks in advanceWell spotted San! I have missed an important point from the question!
If you look at past papers for F7, December 2009, question 1, point 2, I believe that you will find the reason for 11,500
If you still don’t understand, let me know
Meanwhile, thank you for pointing out this error – my bad, I’m sorry
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